Opinions

For years trading system designers have marvelled at the lengths a small group of HFT firms will go to find an extra nano over their competitors. Anecdotally people comprehend why being fast doesn’t matter nearly so much as being a hair faster than the next firm. Finding that hair could

Who would have thought that a year with a recession caused by a pandemic would also have been one of the strongest IPO markets in decades? But it was. Data shows that IPOs generally fall in the months of dramatic selloffs but usually recover once volatility normalizes. Last year followed that trend

Minimum quantity (“MQ”) is a tool that allows traders to limit their orders to trading with counterparties only above a certain size. Traditionally, market participants have used MQs as a way to profile counterparties and reduce interactions with those that could be potentially toxic. The idea was that by using

There was always bound to be some post Brexit ‘fallout’. Unsurprisingly there was plenty of market commentary last week, however we wanted to wait for the dust to settle before we made any of our own observations. You will find it reassuring to know that your suspicions are correct. We

Every asset class is impacted by what central banks do. In turn, the central banks are affected by what the economy is doing. This relationship impacts some asset classes, like FX, money markets and bonds, more than others, but ultimately everything derives from here. Equities and commodities are other great